Forex
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Money
Dollar fell as risk appetite rose amid hopes for a cure for the virus
US, WASHINGTON (ORDO NEWS) — The dollar fell on Friday as news of signs of success in testing the drug for treating coronavirus, as well as early plans to resume the US economy, sparked optimism and risk appetite. The STAT medical news website, citing a recorded discussion between doctors participating in the clinical trial, said that most of the 125 patients taking Gilead’s Remdesivir drug in a hospital in Chicago recovered. Gilead reported that separate reports did not contain the…
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Dollar interrupted 4-day rally, but prospects are optimistic
US, WASHINGTON (ORDO NEWS) — The dollar interrupted a four-day rally on Friday, but the outlook for the US currency still looks optimistic amid concerns about the forecast for the euro. The dollar may still show maximum weekly growth since early April after the results of the EU summit, which discussed the creation of an emergency fund to support economic recovery, disappointed investors. EU leaders on Thursday agreed to create an emergency fund, the size of which could exceed a…
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Dollar is climbing as investors prepare for a global downturn
US, WASHINGTON (ORDO NEWS) — The dollar generally rose against higher-risk currencies on Wednesday, as markets watched as likely to be one of the worst economic downturns in contracts with public isolation measures around the world to combat the Corona virus pandemic. The US dollar advanced against its Australian and New Zealand counterparts, the British pound and most emerging market currencies, as new selling highlights the growing risk from the epidemic, which showed no signs of abating. The Australian dollar…
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Dollar breaks weekly decline amid risk aversion
US, WASHINGTON (ORDO NEWS) — The dollar halted the weekly decline and rose against most major currencies and the more risky currencies of emerging markets on Monday amid tightening restrictions around the world due to the spread of coronavirus and preparing investors for a protracted period of uncertainty. The US dollar rose to the pound, the euro and the Australian dollar. By 15:56 Moscow time, the pound fell 0.22% to $ 1.2429, the “Australian” dropped 0.64% to $ 0.6129, and…
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Dollar is rising as investors seek safe haven
US, WASHINGTON (ORDO NEWS) — The week-long dollar losses stopped and the safe haven yen received support on Monday as isolation measures escalated around the world as investors expected uncertainty to persist for a long time. After the worst week since 2009, the US dollar rose against the British pound, the euro, and the New Zealand and Australian dollars in a cautious Asian session. Sterling lost 0.8 percent to 1.2357 dollars, the Australian dollar fell 0.5 percent to 0.6134 dollars,…
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Oil price war will not bring down the dollar
US, WASHINGTON (ORDO NEWS) — So far, there are no signs of a weakening price war between Saudi Arabia and Russia. A number of analysts warn that the confrontation may drag on. Saudi Arabia seeks to hurt both OPEC manufacturers and non-OPEC manufacturers in order to restore their status as a stabilizing producer capable of setting prices. Given that the Arab country recently stated that it was “very comfortable” with oil at $ 30 per barrel, it is quite capable…
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Dollar fell amid a slowdown in panic sales
US, WASHINGTON (ORDO NEWS) — The dollar could show a maximum weekly decline of more than ten years on Friday, as a number of incentive measures around the world, including a package of $ 2.2 trillion in the United States, have helped contain panic in global markets caused by the coronavirus pandemic. The number of applications for unemployment benefits in the US over the past week increased sharply to 3.28 million, while analysts, based on preliminary data, predicted growth to…
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Dollar slowed down amid increased demand due to fears about the virus
US, WASHINGTON (ORDO NEWS) — The dollar slowed down, and the rise in risky currencies slowed down on Wednesday amid continued fears due to an increase in the number of cases of coronavirus infection and increased demand for the American currency in the face of nervousness in the market. At the same time, sentiment improved after US Assistant President Donald Trump Eric Welland said senators and administration officials had agreed on an incentive package that was expected to be $…
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Dollar in the red after Fed measures
US, WASHINGTON (ORDO NEWS) — The dollar fell on Tuesday amid signs of weakening stringent funding conditions following US Federal Reserve measures to ensure dollar liquidity. The Federal Reserve on Monday introduced a range of programs for large companies, households, and small businesses, citing the “huge difficulties” facing the economy due to the coronavirus pandemic. “We seem to have come out of a phase where everything from stocks to secure assets like bonds and gold was sold,” said Koichi Kobayashi…
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Dollar is in the red: may show a weekly record growth since the financial crisis
US, WASHINGTON (ORDO NEWS) — The dollar may record the maximum weekly increase since the global financial crisis of 2008 due to the flight of investors into cash amid the coronavirus pandemic. By 9.11 UTC, the dollar index against a basket of major currencies dropped 0.93%, but has grown by 3.7% since the beginning of the week. The Australian dollar on Friday rose 2.13% to $ 0.5865. Pound sterling added 1.3% to $ 1,164. The Japanese yen rose 0.6% to…
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Dollar resumes rally due to cash investors fleeing
US, WASHINGTON (ORDO NEWS) — The dollar resumed its rally against major currencies on Thursday, as high volatility in the financial markets and fears of liquidity caused by the coronavirus pandemic led to the flight of investors into cash. The pound sterling to 9.28 Moscow time decreased by 0.57% to $ 1.1547, trading near the minimum since at least 1985 to the dollar. The Australian dollar fell 1.56% to $ 0.5677, earlier dropping to a 17-year low, while the New…
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Dollar sought after in Forex as safe haven asset
US, WASHINGTON (ORDO NEWS) — The US dollar continued to climb on Thursday, as investors sought refuge in a context of high volatility in the financial markets and concerns over tight liquidity. At 10:15 am, EUR / USD was trading at 1.0857, down 0.5%. The U.S. dollar index , which tracks the greenback against a basket of six other currencies, was 101.930, up 0.4%, and close to its highest level since the end of 2016. USD / JPY rose 0.8%…
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Dollar jumped to a three-year high due to fears about coronavirus
US, WASHINGTON (ORDO NEWS) — The dollar jumped to a three-year high against major currencies on Wednesday, as companies and investors, worried about the outbreak of coronavirus, were buying up the world‘s most liquid currency. The dollar peaked since April 2017, breaking through the 100-point mark against a basket of major currencies. The index rose more than 5% in just over a week. A number of currencies have reached multi-year lows against the dollar, including the pound sterling, the Australian…
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US dollar jumps to its highest in three years
US, WASHINGTON (ORDO NEWS) — The US dollar jumped on Wednesday, hitting a multi-year high against a few major currencies, while the outbreak of the Coronavirus prompted companies and investors to seek safety in the greenback. The dollar index, which tracks the performance of the greenback versus a basket of six major currencies, jumped 2.051 percent to 101.440, its highest level since April 2017. The dollar index is headed for its biggest one-day jump since the twenty-fourth of June 2016.…
